Nigeria has suspended the 4% tax on imports (FOB) after manufacturers and importers raised concerns. Introduced last month by the Nigeria Customs Service (NCS), this tax quickly raised concerns from the private sector, fearing an increase in costs and a negative impact on the country’s competitiveness. In a circular dated September 15, 2025, the Minister…...
Trending
- Egypt: CI Capital Private Equity and Engazaat launch a green infrastructure fund
- Absa Bank Kenya appoints Mohammed Nyaoga as Chairman of its Board of Directors
- Postponement of the hearing in the dispute between Air Senegal SA and Intech Group
- Nigeria backtracks on customs FOB import tax
- WTO: entry into force of the agreement limiting subsidies to overfishing
- Kenyan bank Equity Bank initiates steps to establish presence in Ethiopia
- Ivory Coast: BNI Gestion reactivates its “Dynamic Savings” mutual fund
- Algeria: Intra-African Trade Fair records $48.3 billion in transactions and a record participation